City of Greensboro Annual Comprehenive Financial Report 2021-22 | Cover |
Title Page | Title |
Table of Contents | TOC |
Introductory Section | I |
Letter of Transmittal | I |
Certificate of Achievement for Excellence in Financial Reporting | XXX |
Organization Chart | XXXI |
City Officials | XXXII |
Financial Section | 1a |
Report of Independent Auditor | 1a |
Management's Discussion and Analysis | 2a |
Basic Financial Statements | 3 |
I. Government-Wide Financial Statements | 3 |
Statement of Net Position A-1 | 3 |
Statement of Activities A-2 | 5 |
II. Fund Financial Statements | 7 |
Balance Sheet-Govenmental Funds A-3 | 7 |
Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position A-4 | 8 |
Statement of Revenues, Expenditures and Changes in Fund Balances A-5 | 9 |
Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Government Funds A-6 | 10 |
Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual - General Fund A-7 | 12 |
Statement of Net Position - Proprietary A-8 | 20 |
Reconciliation of the Statement of Net Position-Proprietary Funds To the Statement of Net Position A-9 | 24 |
Statement of Revenues, Expenses and Changes in Net Position Proprietary Funds A-10 | 25 |
Reconciliation of the Statement of Revenues, Expenses and Changes in Net Position of Proprietary Funds to the Statement of Activities A-11 | 27 |
Statement of Cash Flows Proprietary Funds A-12 | 28 |
Statements of Fiduciary Net Position-Fiduciary Funds A-13 | 33 |
Statement of Changes in Fiduciary Net Position-Fiduciary Funds A-14 | 33 |
Statement of Net Position-Component Units A-15 | 34 |
Statement of Activities-Component Units A-16 | 35 |
III. Notes to the Financial Statements | 37a |
Required Supplementary Information | 38 |
Law Enforcement Officers' Special Separation Allowance (LEOSSA) Pension Benefit Trust | 38 |
Schedule of Change in Net Pension Liability and Related Ratios Schedule 1 | 38 |
Schedule of Employer Contributions Schedule 2 | 40 |
Schedule of Investment Returns Schedule 3 | 42 |
Other Postemployment Benefit Plan (OPEB) Trust | 43 |
Schedule of Changes in Net OPEB Liability and Related Ratios Schedule 4 | 43 |
Schedule of Employers Contributions Schedule 5 | 45 |
Schedule of Investment Returns Schedule 6 | 47 |
Local Government Employees' Retirement System | 49 |
Employer's Proportionate Share of Net Pension Liability (Asset) and Employer Contributions Schedule 7 | 49 |
Combining and Individual Fund Statements and Schedules | 51 |
Combining Balance Sheet Nonmajor Governmental Funds | 51 |
Governmental Fund Schedule 8 | 51 |
Special Revenue Funds Schedule 9 | 52 |
Capital Projects Funds Schedule 10 | 56 |
Combining Statement of Revenues, Expenditures, and
Changes in Fund Balances - Nonmajor Funds | 61 |
Government Funds Schedule 11 | 61 |
Special Revenue Funds Schedule 12 | 62 |
Capital Projects Funds Schedule 13 | 66 |
Schedule of Changes in Long-Term Debt- Enterprise Funds and Water Resources Capital Assets Schedule 14 | 71 |
Schedules of Revenues, Expenditures, and Changes in
Fund Balance - Budget and Actual | 72 |
Special Revenue Funds | 72 |
State Highway Allocation Schedule 15 | 74 |
Cemetery Schedule 16 | 75 |
Hotel/Motel Occupancy Tax Schedule 17 | 76 |
Economic Development Schedule 18 | 77 |
Special Tax Districts Schedule 19 | 78 |
Housing Partnership Revolving Schedule 20 | 79 |
Community Development Schedule 21 | 80 |
HOME Program Schedule 22 | 82 |
Workforce Investment Act Schedule 23 | 83 |
State and Federal Grants Schedule 24 | 84 |
State and Federal Grants (ARRA) Schedule 25 | 88 |
American Rescue Plan Act (ARPA/SLFRF) Fund Schedule 26 | 89 |
Emergency Rental Assistance- Guilford County Fund Schedule 27 | 90 |
Emergency Rental Assistance 2- Guilford County Fund Schedule 28 | 91 |
Opioid Settlement Fund Schedule 29 | 92 |
Emergency Telephone System Fund Schedule 30 | 93 |
Debt Service Fund | 95 |
Debit Service Fund Schedule 31 | 95 |
Capital Projects Funds | 96 |
Street and Sidewalk Schedule 32 | 97 |
State Highway Allocation Schedule 33 | 98 |
General Capital Improvements Schedule 34 | 99 |
General Capital Improvements II Schedule 35 | 100 |
Library Facilities Bond-Series 2008 Schedule 36 | 101 |
Historical Museum Bond-Series 2008 Schedule 37 | 102 |
Parks and Recreation Bond-Series 2008 Schedule 38 | 103 |
Economic Development Bond-2008 Schedule 39 | 104 |
Fire Station Bond-Series 2008 Schedule 40 | 105 |
War Memorial Stadium Bond-Series 2008 Schedule 41 | 106 |
Street Improvements Bond-Series 2010 Schedule 42 | 107 |
Parks and Recreation Bond-Series 2010 Schedule 43 | 108 |
Greensboro Science Center Bond-Series 2010 Schedule 44 | 109 |
Transportation Bond-Series 2016 Schedule 45 | 110 |
Parks and Recreation Bond-Series 2016 Schedule 46 | 111 |
Housing Bond-Series 2016 Schedule 47 | 112 |
Community & Economic Development Bond-Series 2016 Schedule 48 | 113 |
Fire Station Bond-Series 2019 Schedule 49 | 114 |
Perpetual Care Fund | 115 |
Enterprise Funds | 116 |
Schedules of Revenues and Expenses-Budget and Actual (Non-GAAP) | 117 |
Water Resources Schedule 50 | 118 |
Water Resources Bond-Series 2014 Schedule 51 | 120 |
Water Resources Bond Fund-2018 Schedule 52 | 121 |
Water Resources Captial Improvement Schedule 53 | 122 |
Water Resources Extension Project Schedule 54 | 123 |
Water Resources Bond Fund- Series 2022 Schedule 55 | 124 |
Stormwater Management Schedule 56 | 125 |
Stormwater Capital Improvement Schedule 57 | 127 |
Coliseum Schedule 58 | 128 |
Performing Arts Center Fund Schedule 59 | 130 |
Performing Arts Center Capital Project Schedule 60 | 132 |
Colisum Capital Improvement Bond Schedule 61 | 133 |
Coliseum Capital Improvement Schedule 62 | 134 |
Solid Waste Management Schedule 63 | 135 |
Solid Waste Capital Improvement Schedule 64 | 137 |
Greensboro Transit Advisory Commission Schedule 65 | 138 |
Greensboro Transit Advisory Commission Grant Schedule 66 | 140 |
Parking Facilities Schedule 67 | 141 |
Parking Facilities Capital Project Schedule 68 | 143 |
Parking Facilities Bond Schedule 69 | 144 |
Internal Service Funds | 145 |
Combining Statement of Net Position Schedule 70 | 146 |
Combining Statement of Revenues, Expenses and Changes in Net Position Schedule 71 | 148 |
Combining Statement of Cash Flows Schedule 72 | 150 |
Schedule of Changes in Long-Term Debt Schedule 73 | 152 |
Schedule of Revenues, Expenses, and Changes in Fund Balance-Budget and Actual (Non-GAAP) | 153 |
Equipment Service Schedule 74 | 154 |
Technical Services Schedule 75 | 156 |
Technical Services Capital Project Schedule 76 | 158 |
Information Systems Schedule 77 | 159 |
Graphic Services Schedule 78 | 161 |
Guilford Metro Communications Schedule 79 | 163 |
Employee Risk Retention Schedule 80 | 165 |
General Risk Retention Schedule 81 | 167 |
Capital Leasing Schedule 82 | 169 |
Fiduciary Funds | 171 |
Statement of Fiduciary Net Position - Fiduciary Funds Schedule 83 | 172 |
Statement of Changes in Fiduciary Net Position - Fiduciary Funds Schedule 84 | 173 |
General Capital and Debt Schedules | 174 |
Schedule of General Capital Assets by Source Schedule 85 | 174 |
Schedule of General Capital Assets by Function and Activity Schedule 86 | 175 |
Schedule of Changes in General Capital Assets by Function and Activity Schedule 87 | 177 |
Schedule of Long-Term Debt Schedule 88 | 179 |
Schedule of Changes in General Long-Term Debt Schedule 89 | 181 |
Statistical Section (unaudited) | 183 |
I. Financial Trends | 184 |
Net Position by Component Table I | 184 |
Changes in Net Position, Expenses, Program Revenues, and Net (Expenses)/Revenue Table II | 186 |
Changes in Net Position, General Revenues and Total Changes in Net Position Table III | 188 |
Fund Balances, Governmental Funds Table IV | 190 |
Changes in Fund Balances, Governmental Funds Table V | 192 |
II. Revenue Capacity | 194 |
Tax Revenues by Source, Governmental Funds Table VI | 194 |
Schedule of Ad Valorem Taxes Receivable Table VII | 195 |
Analysis of Current Tax Levy Table VIII | 196 |
Assessed Value and Estimated Actual Value of All Taxable Property Table IX | 197 |
Direct and Overlapping Property Tax Rates Table X | 199 |
Principal Property Taxpayers Table XI | 200 |
Property Tax Levies and Collections Table XII | 202 |
III. Debt Capacity | 204 |
Ratios of Outstanding Debt by Type Table XIII | 204 |
Ratio of Net General Obligation Bonded Debt Table XIV | 206 |
Computation of Direct and Overlapping Bonded Debt Table XV | 208 |
Legal Debt Margin Information Table XVI | 209 |
Pledged Revenue Coverage Table XVII | 211 |
IV. Demographic and Economic Information | 213 |
Demographic and Economic Statistics Table XVIII | 213 |
Principal Employers Table XIX | 214 |
Full-Time Equivalent City Government Employees by Function/Program Table XX | 216 |
V. Operating Information | 217 |
Operating Indicators by Function Table XXI | 217 |
Capital Asset Statistics by Function Table XXII | 219 |
Single Audit Section | 221 |
Report of Independent Auditors on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards | 222 |
Report of Independent Auditors on Compliance for Each Major Federal Program and on Internal Control over Compliance in Accordance with OMB Uniform Guidance and the State Single Audit Implementation Act | 224 |
Report of Independent Auditors on Compliance for Each Major State Program
and Internal Control over Compliance in Accordance with Uniform Guidance and the State Single Audit Implementation Act | 227 |
Schedule of Findings and Questioned Costs | 230 |
Summary Schedule of Prior Year Findings | 232 |
Schedule of Expenditures of Federal Awards | 233 |
Schedule of Expenditures of State Awards | 236 |
Notes to the Schedule of Expenditures of State and Federal Awards | 237 |
Back Page | 238 |